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The HSIF portfolio earned 14.67% in a year when its benchmark earned 13.78%. The standard deviation of the HSIF portfolio was 22.7% whereas the benchmark's

The HSIF portfolio earned 14.67% in a year when its benchmark earned 13.78%. The standard deviation of the HSIF portfolio was 22.7% whereas the benchmark's was 20.2%. Using the M-squared measure, what was the risk-adjusted difference between the HSIF portfolio and the benchmark? (report your answer to the nearest basis point, writing a percentage like 2.34% as 2.34, not .0234.)

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